September 26, 2003

Fairfax, VA

ActioNet Inc. announced today that it has been named to Deloitte & Touche’s prestigious “Technology Fast 50” Program for the Virginia area, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues from 1998-2002 (five-year period).

To have achieved such success the first year ActioNet, Inc., was eligible for the award is a remarkable feat, and President & CEO Ashley W. Chen attributes the company’s remarkable 4406% revenue growth from 1998 – 2002 to our ability to deliver value to the customer time and time again. Chen said, “As a small business, we go the extra mile to get the job done. Our foundation is the quality of our people and the commitment they bring to our organization and to our customers.”

Gary Tabach, Director & Partner in Charge, Technology, Media & Telecommunications, Deloitte & Touche said, “To rank on the Deloitte and Touche Technology Fast 50, companies must have phenomenal revenue growth over five years. ActioNet has proven to be one of the fast-growth success stories in Virginia, and we applaud their success and vision.”

ActioNet, Inc.’s increase in revenues of 4406% from 1998 to 2002 resulted in a 5th place ranking overall in the Virginia Technology Fast 50. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in Virginia, and be “technology companies” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues or devoting a high percentage of revenue to research and development of technology.

Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s web site at www.deloitte.com/us. For more information on the Technology Fast 50 and Technology Fast 500 programs, please visit www.fast50.com.

About ActioNet, Inc.

ActioNet, Inc., headquartered in Fairfax, Virginia, is a leading information technology services provider specializing in Software Development, Systems Integration, Training and Information Technology Security.

ActioNet, Inc. was founded by Ashley W. Chen in 1998 with the vision of “helping customers align their IT strategies with their business goals”. Following her lead, ActioNet has maintained a corporate philosophy of:

  • Building long-term relationships with clients by providing the highest quality services
  • Encouraging employee learning and self-improvement, giving each dedicated employee the chance to grow with ActioNet
  • Keeping ActioNet’s standards high through teamwork and commitment to quality
  • ActioNet is currently in the process of obtaining a CMM Level 3 certification, expected in November 2003 with a plan to migrate to the newer CMMI in 2004.
  • ActioNet also intends to pursue the ISO 9001 certification.
  • We are strong believers in process improvement so we can better serve our customers.

Contact:

Ashley W. Chen, ActioNet, Inc., 703-204-0090 Ext. 108, achen@actionet.com.